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Lower Fiscal Deficit
When Government expenses are
larger than the revenues, the
resulting difference is known as
the fiscal deficit.
Positive news, Costa Ricans
learned that the Arias
Administration was able to lower
the fiscal deficit by 36.6
percent January-October this
year, as compared to the same
period in 2005.
The Ministry of Finance
explained that this results from
improved collection of revenues
and contention of expenses.
In general, the lower the
deficit the less the Government
gets indebted to make ends meet.
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